endeavor logo

For the third year in a row, TrueBridge Capital has partnered with Forbes to cultivate the most exciting billing in venture capital, The 2013 Midas List, which is soon to be published. In the meantime Forbes has published a 2013 Midas List: Hot Prospects list, which consists of investors who are keeping the industry on its toes and are poised to break into future Midas editions. David Frankel’s Founder Collective is on that list.
[Read the full story here]

Published in Endeavor SA Blog

A decade of hard work and perseverance has seen Capsicum Culinary Studio grow into the largest culinary and hospitality training institution in Southern Africa. Cheryl Nesbitt started Capsicum Culinary Studio in Cape Town with only four students in 2003; and today it has a national footprint which includes six campuses in major centres in South Africa, namely: Cape Town, Durban, Johannesburg, Pretoria, Boksburg and Port Elizabeth.

Published in Endeavor SA Blog

A decade of hard work and perseverance has seen Capsicum Culinary Studio grow into the largest culinary and hospitality training institution in Southern Africa. Cheryl Nesbitt started Capsicum Culinary Studio in Cape Town with only four students in 2003; and today it has a national footprint which includes six campuses in major centres in South Africa, namely: Cape Town, Durban, Johannesburg, Pretoria, Boksburg and Port Elizabeth.

Published in 2013

Endeavor South Africa Managing Director, Catherine Townshend, has been invited to join the Kauffman Fellowship – a highly competitive two-year programme dedicated to the world of venture capital and the cultivation of new high-tech, high-impact companies. She is the first candidate from South Africa to join the programme.
Only thirty-five Kauffman Fellowships are offered each year. They take the form of “practical apprenticeships”, which include professional coaching, mentoring by senior partners, and quarterly sessions of industry and leadership curricula conducted in Palo Alto, California.

Published in Endeavor SA Blog
Tuesday, 12 March 2013 07:13

Winde commends Endeavor South Africa

Minister Alan Winde, Western Cape MEC for Finance, Economic Development and Tourism, took the opportunity to address Endeavor candidates, panellists and observers at the recent Local Selection Panel, held in Cape Town. He had high praise for Endeavor’s work, saying that every possible thing should be done to make it easier for entrepreneurs to thrive.

Endeavor provides the critical support high-impact entrepreneurs need to overcome the challenges they face and reach their high-impact potential. As New York Times columnist Thomas Friedman explains, "Endeavor was formed for the purpose of promoting entrepreneurs in emerging markets. Its basic model is to link up small and midsize businesses with seasoned entrepreneurs so that [they] can get the advice and contacts they need to grow their companies into bigger businesses that can employ more people - the best anti-poverty program of all."

Choosing which entrepreneurs to work with is not an easy task, however. There are a number of stages in the process, which can take up to 4-6 months. One of these stages involves a Local Selection Panel, during which panellists decide whether the candidates have the potential to be selected as High-Impact Endeavor Entrepreneurs at the next International Selection Panel.

Endeavor South Africa’s recent Local Selection Panel assessed two businesses from completely different sectors: 1Stream, owned by Jed Hewson and Bruce von Maltitz; and Medical Diagnostech, owned by Ashley Uys. The 1Stream team were asked to return for a further round of assessment, while Medical Diagnostic was selected for the Excelerator programme. This is a highly concentrated and focused programme, supporting entrepreneurs that Endeavor believes could graduate into the Endeavor Selection process for consideration as High-Impact Entrepreneurs at a Global level.

The event was open to invited observers, who were able to gain a deeper insight into what it takes to be an Endeavor Entrepreneur. Minister Alan Winde, Western Cape MEC for Finance, Economic Development and Tourism, was also given an opportunity during the lunch break to tell candidates, panellists and observers what the Western Cape government is doing to promote entrepreneurship in South Africa.

Winde said that partnering with the private sector to boost economic growth to 4.2% and grow employment by 2% by 2015 was an important aim. “Our government’s role is to provide demand-led, private-sector-driven support for growth sectors, industries and business in the Western Cape,” he explained.

One of this strategy’s building blocks – the Western Cape Economic Development Partnership (EDP) – was launched last year. Winde explained that the EDP seeks to empower local and regional government, the private and non-profit sectors, and communities with the opportunity to work together to improve the local and regional economy. “The EDP has already started working on achieving its goals and I look forward to collaborating with the organisation to build a Western Cape that is a better place to invest, to do business, get a job and earn a living, for everyone,” he said.

Like Endeavor, Winde is aware that entrepreneurs face many barriers. One of the most damaging to business is red tape and Winde spoke passionately about his efforts to tackle this challenge. He told those present about the Western Cape’s “Red Tape to Red Carpet” programme, which includes the Red Tape Reduction Call Centre. “I am committed to doing whatever is within my power, and within the rule of law, to reduce red tape swiftly and efficiently so as to create an enabling environment for business,” he declared.

Since its inception in August 2011, the call centre has received 921 calls and has chalked up a resolution rate of 89.3%.

Winde applauded Endeavor’s focus on high-impact entrepreneurs. He pointed out that 80% of new jobs globally are created by Small to Medium Size Enterprises (SMMEs). In South Africa, SMMEs contribute between 52 and 57 per cent to the GDP and provide 61% employment. “Small businesses are the lifeblood of the economy,” he said. “The Western Cape Government is determined to provide support that stimulates the growth of entrepreneurial activity in our Province, especially in the SMME sector.”

The Endeavor South Africa office provides ready proof of this as its close to 50 entrepreneurs employ over 5 000 people. They generated more than R1 billion ($125 MM) in revenue between 2004 and 2011.

 

Published in Endeavor SA Blog

Adrian Gore, chief executive of Discovery and Chairman of the Endeavor South Africa board, discusses a range of topics with Moneyweb’s Hilton Tarrant after the group’s six-monthly results were released on 20 February. Topics range from the 3-4-50 principle, the cost of healthcare in this country, Gore’s support for a better healthcare sector, preventive screening and other innovations to Discovery’s businesses in the UK, in the US, and China.

[Read what Adrian Gore has to say]

Published in 2013

Everlytic’s Philani Mdingi explains why he thinks marketers should be targeting the "mobile only" internet connected audience.

[Read what Philani Mdingi has to say]

Published in Endeavor SA Blog

Everlytic’s Philani Mdingi explains why he thinks marketers should be targeting the "mobile only" internet connected audience.

[Read what Philani Mdingi has to say]

Published in 2013

Endeavor SA entrepreneur and Vinny Lingham’s latest venture is set to rock the multi-billion dollar gift card industry. Gyft, a “Mobile Gift Card Platform” enables customers to upload, buy and redeem gift cards conveniently from their mobile device.

Lingham chats to Ventureburn.com about Gyft, the festive season and living in Silicon Valley.

Read the Ventureburn.com Q&A session with Vinny Lingham here.

Published in 2013

Endeavor South Africa board member Hlumelo Biko, businessman and CEO of Circle Capital Ventures, will be launching his book, The Great African Society – A Plan for a Nation Gone Astray, on 22 February.

The ANC, in its rush for political control, chose power over the people instead of power of the people. History will judge them harshly.”

This is the compelling thesis of Hlumelo Biko’s hard-hitting, thoughtful analysis of South Africa’s past, present and future, a sobering assessment of where we stand today, and where we need to go.

 In parallel with a successful 13 year career as a venture capitalist, he is also a dedicated philanthropist, currently serving as vice-chairman of the Baxter Theatre, supporting budding small and medium enterprises as a board member of Endeavor, and supporting increased access to education through institutions like Kommunity Group Projects, the University of Cape Town and African Schools for Excellence. He was educated at the University of Cape Town and Georgetown University, USA.

 “An excellent analysis, full of epiphanies – a great statement of hope and leadership, based on pragmatism.” Adrian Gore.

 Read the full press release here.

Published in 2013
<< Start < Prev 1 2 Next > End >>
Page 1 of 2